Number: RL32879
Title: Social Security Reform: President Bush's Individual Account Proposal
Authors: Laura Haltzel, Domestic Social Policy Division 
Abstract: This report is based on the President's 2005 IA proposal. The version portrayed in his FY2007 budget submission is not significantly different from his 2005 proposal. The main substantive difference is that the average interest that a worker would need to earn to break even would be reduced to 2.7% from 3%. Thus, if the account earned the 2.7% risk-adjusted annual rate of return, the worker would experience no reduction in overall Social Security income relative to current law.
Pages: 30
Date: March 9, 2006